Qualcomm Q1 FY26 net income drops 6% to $3bn

Qualcomm reported a net income of $3bn for the first quarter of fiscal 2026 (Q1 FY26), a 6% decrease from the $3.18bn recorded in the same period of the previous year. Despite the decline in net income, the US-based semiconductor company achieved revenues of $12.3bn for the reported quarter, ending 28 December 2025. This marks a 5% increase from the $11.7bn reported in Q1 fiscal 2025. The earnings per share (EPS) for Q1 FY26 were $2.78 on a GAAP basis, slightly down from $2.83 in the previous year, whil ...